- East Central Railways issues 'zero value tickets' to 7,000 quake victims.
- Punjab National Bank (PNB) first bank to roll out Sukanya Samriddhi Scheme.
- Veteran actor Mukesh Khanna appointed Chairperson of Children Film Society of India (CFSI).
- Colgate-Palmolive India announces Voluntary Retirement Scheme (VRS) to employees at Waluj.
- Virat Kohli extends Bengaluru partnership with fashion label Wrogn.
Source: Economic Times
- Snapdeal appoints Idi Srinivas Murthy as senior vice president of marketing.
- Restaurant chain Mast Kalandar launches mobile-based delivery only service 'MK Dabbawala'.
- CCI gives nod to Ultratech Cement to acquire two cement units of Jaiprakash Associates.
- Flipkart, Myntra to leverage common infrastructure, logistics post merger.
- Kumar Mangalam Birla likely to become Century Textiles, Enka Chairman.
Source: Economic Times
- Anil Ambani owned Reliance Communications raise $ 300 million through offshore funds with a coupon of 6.5%
- Vatika Group's construction finance facility worth Rs. 150 crore sanctioned by Piramal Fund.
- Online travel company MakeMyTrip gets a new logo along with a new tagline.
- TRAI's website gets hacked after it discloses the email ids of people who wrote on net neutrality.
- Generic drugmaker Wockhardt Ltd to recall some drugs made in India after US FDA concerns.
- Infosys CEO hires former SAP executive Yusuf Bashir to run $500 million innovation fund.
- Yes Bank opens representative bank in Abu Dhabi.
- Government floats 'Emergency' quota for last minute flyers.
- At $5 billion valuation, China's Alipay to buy 25% stake in Micromax.
- Capgemini to acquire IGate; transaction will amount to $4.04 billion.
- BCCI recommends Rohit Sharma for Arjuna Award.
Source: Economic Times
- Vir Sanghvi launches EazyDiner, a restaurant reservation & concierge services platform.
- Directorate of Revenue Intelligence detects undervaluation of the liquor imported.
- Goverment to set cap prices of essential medical devices.
- State run Rural Electrification Corporation transfers two transmission projects to Power Grid.
- MyHep, a generic hepatitis C drug launched in India by Mylan Pharmaceuticals.
Source: Economic Times
- Sequoia Capital invests $ 18 million in online ethnic store Craftsvilla.
- Johnson & Johnson's Pharmaceutical division Janssen launches diabetes treatment drug in India.
- RBI directs banks to add a 'third gender' column in all forms.
- CCI (Competition Commission of India) disposes a case against Gujarat Gas Company alleging unfair trade practices.
- Coca Cola's land allotment in Tamil Nadu cancelled after a strong local protest.
- Bengaluru based fashion e-commerce startup Eat.Shop.Love raises $ 3.5 million in angel funding.
- After CEO Giorgio De Roni quits GoAir, 30 GoAir pilots put in their papers.
- DDB Mudra roped in as the creative head for Aircel India.
- Century Textiles to merge their Cement business with K.M. Birla owned Ultra-Tech Cement.
Source: Economic Times
- Tata Teleservices to drop DoCoMo from its telecom brand Tata Docomo.'
- Ernst & Young ropes in 150 lawyers for new vertical e-Discovery.
- IRCTC to offer baggage insurance for railway journey.
- US private equity firm Advent International Corp-led consortium to buy consumer product business of Crompton Greaves India for up to $ 350 million.
- Spanish brewer Mahou-San Miguel considering to invest around Rs. 120 crore in India.
Source: Economic Times
- Income Tax authority issues fresh notice to Vodafone over Hutch-Vodafone deal.
- Anand Narang to head marketing at the device business of Reliance Jio.
- Maharashtra Food & Drug Administration raids Snapdeal for selling prescription drugs online.
- Indian Medical Association to create organ donors' registry in Kerela.
- Temasek Holdings to buy 3.83% holdings in Glenmark Pharma for Rs. 945 crore.
- PNB MetLife forays into health insurance segment through the launch of MetLife Major Illness Premium Back Cover.
Source: Economic Times
- TCS announces Rs. 2,628 crore mega bonus to employees to mark its 10 years as a publicly listed company.
- Top hotels like Taj, Lalit roll out discounts and credit schemes to attract customers in summer.
- Jindal Saw enters into contract worth Rs. 10,000 crore with group firm JSW Steel.
- Electronic Money Order replaces older version: Department of Post
- Hero-backed company Erik Buell Racing files for bankruptcy in US.
Source: Economic Times
- Pankaj More appointed as the Technology Head for Walmart India.
- Auto component major Bosch lifts the lockout order at its Jaipur plant.
- Essar Steel's Vishkhapatnam captive power plant restored after it sustained cyclonic storm damage.
- Railways to E-auction 100 stations for redevelopment via public-private partnership.
Source: Economic Times
- Muthoot Group forays into home loan segment.
- CCI (Competition Commission of India) slaps a fine of Rs. 4.5 crore on Verifone India Sales alleging unfair business practices.
- Singapore government's investment arm Temasek Holdings completes the acquisition of SVB India Finance.
- Vodafone invests Rs 480 crore to ramp up its network and distribution in Uttar Pradesh east circle.
Source: Economic Times
- Oil minister Dharmendra Pradhan said that India shall invest additional $ 6 billion in Rovuma Gas field.
- Rajeev Gupta and Amol Gupta promoted private equity firm Arpwood raises $ 150 million.
- Hindustan Petroleum Corporation Limited (HPCL) buys office space worth Rs. 100 crore in Mumbai.
- Chief Financial Officer of Snapdeal Aakash Moondhra quits.
- Anil Kumar Sharma takes over as the new director for Kolkata airport.
- Online grosser ZopNow raises Rs. 62 crore in a fresh round of funding.
- Government mandates bar-coding of drugs to trace out its origin.
- Navin Talreja and Kawal Shoor, senior Ogilvy & Mather executives quit to launch their own agency.
- Seema Modi quits as the head of Heinz India.
Source: Economic Times
- Apollo Global Management sells 3% of its stake in Dish TV for Rs. 263 crore.
- Shareholders approve IDFC's demerger scheme to set up a wholly owned subsidiary IDFC Bank.
- Nissan India appoints Satinder Singh as vice president for sales, network and customer relations.
- Kolkata based Skipper bags order worth Rs. 400 crore from Colombia.
- German Luxury car maker Audi opens first technical service centre for India.
Source: Economic Times
- National Roaming to get cheaper; TRAI's (Telecom Regulatory Authority of India) reduced ceiling tariffs effective from May 1.
- Indian Railways Financial Institution raises Rs. 1200 crore through 2 year bonds.
- After Freecharge acquisition, Kunal Shah replaces Alok Goel as CEO of Freecharge.
- IndiGO and Jet Airways hike ticket cancellation penalties by 50-100%
- Indian Railways to sign a Memorandum of Understanding (MoU) with National Institute of Design to set up a Railway Design Center.
Source: Economic Times
- Kalyan Jewellers invest Rs. 200 crore in its Chennai showroom.
- Haryana government approves 800 MW unit at Panipat thermal power plant.
- Prime Minister launches Mudra Bank for small firms with a corpus of Rs. 20,000 crore.
- Online Retailer Firstcry raises Rs. 62 crore through its fourth round of funding; aims to strengthen its technical team.
- Glenmark's subsidiary to pay $ 25 million to settle a pricing case in US.
Source: Economic Times
- Rs. 1000 crore invested by Vodafone to ramp up its network in Mumbai.
- Cabinet Committee on Economic Affairs (CCEA) cleared pharmaceutical majors Glenmark & Aurobindo's foreign investment proposals worth Rs. 4187 crore.
- SpiceJet arrives at a settlement with its Irish lessor; withdraws plea from Delhi High Court.
- Supreme Infra bags Rs. 207-crore contract from National Highway Authority of India(NHAI).
Source: Economic Times
- Jaipur Rugs enters into an agreement to produce hand made rugs for National Geographic collection.
- Kingfisher Airlines to pay Rs. 372 crore as TDS to the Income Tax department after Supreme Court rules against it.
- Pharmaceutical company Wellness Forever generates funds worth Rs. 20 crore.
- Magicbricks.com sign up as associate sponsors for IPL-8.
- Lockout declared at Jaipur plant of auto component major Bosch.
- Online Fashion Retailer Myntra to shut its website from May 1 & to become only a mobile app based retailer.
- Reliance Infra backed BSES power distribution companies asked by Delhi Government to clear its dues worth Rs. 6000 crore.
- Delhi International Airport Limited awarded the Golden Peacock National Quality Award 2015.
- IndiGo hikes up its borrowing limits by 50% to Rs. 15,000 crore; further 3 more directors to be inducted on board.
Source: Economic Times
- Raymond enters into an agreement to acquire Robot Systems, a wholly owned subsidiary of Gokaldas Exports.
- Jupiter Capital exits railway freight company Indialinx (IIL) at $ 10 million.
- GVK group to set Rs. 500 crore integrated healthcare unit at Sri city in Andhra Pradesh.
- Luminous Power Technologies forays into luxury decorative fan category.
- Aditya Birla Nuvo's urea plant in UP resumes production.
- MTNL broadband rates hiked up to 25% in Mumbai.
Source: Economic Times
- Rs. 7000 crore to be invested by BSNL for setting up 3G, 4G Wifi hotspots.
- Rajit Mehta elevated as the MD & CEO of Max Healthcare.
- Anoop Kumar Sharma replaces Ramakrishnan A R as CEO for Essar Shipping.
- A consumer forum directs Bharti Airtel to pay Rs. 38,500 for deficient service.
- Madhuri Dixit & Shriram Nene roped in as the brand ambassdors for Eureka Forbes.
Source: Economic Times
- Meghalaya High Court approves the demerger of Star Ferro and Cement Ltd.
- Dr. Reddy's Labotaries to buy Belgium based UCB's Indian Arm for Rs. 800 crore.
- V Shankar quits Standard Chartered Bank to manage a private equity fund.
- 4 month advance railway booking results in breaking IRCTC's server four times; record 11 Lakh tickets sold in one day.
- Director General of Civil Aviation (DGCA) issues notice to Jet Airways after Pilots found flying without clearing test.
- Satish Padmanabhan to replace Sunil Nayyar as sales head of Sony India.
- Multi Screen Media to launch new sports channel Sony Kix to air IPL season 8.
- RBI adopts Basel III standards for capital & Liquidity.
- Sunil Nayyar appointed as the head of Consumer Electronics for Sony in US.
- Reliance Industries signs a product sharing agreement with Myanmar Oil & Gas Enterprise for two offshore blocks.
- Videocon d2h makes its Nasdaq debut following listing of $ 325 million by issuing American depository receipts.
Source: Economic Times